Here's what we are reading this morning:
Over a third of consumers took on debt this holiday season | Retail Dive: By generation, millennials took on the most, while baby boomers took on the least, according to a recent LendingTree survey.
Opt-Out Releases In Lumio's Ch. 11 Plan Rejected - Law360: A Delaware bankruptcy judge Friday rejected the opt-out mechanism for obtaining releases for third parties in Solar panel provider Lumio Holdings LLC's Chapter 11 plan, but said she would allow it to solicit votes on the plan.
Factory Orders Fell in November - WSJ: Decline was steeper than economists expected
Law Reviews, Dictionaries, and Uptiers: The Fifth Circuit Weighs In on Serta | Ropes & Gray LLP : Anticipating Serta’s ultimate ruling, the liability management team at Ropes & Gray has already identified, developed, and executed on a number of alternative mechanisms in recent transactions that do not rely on the “open market purchase” mechanism rejected by the Serta court
Joann Fabric, Crafts Retailer Engages Advisers to Help Shore Up Balance Sheet - Bloomberg: Joann Inc. is working with advisers to help shore up its balance sheet and ease liquidity pressures, less than a year after the fabric and crafts retailer emerged from bankruptcy, according to people with knowledge of the situation.